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Nifty View- May 2013 |
SP50 Brown Belt
Joined: 26 Nov 2010 Posts: 1615
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Post: #961 Posted: Fri May 31, 2013 10:42 am Post subject: |
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apka wrote: | bank nifty HnS pattern |
No wonder all the bank nifty counters are badly beaten. I think Vinay mentioned 12290 yesterday or I must have seen that number somewhere. |
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apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #962 Posted: Fri May 31, 2013 10:52 am Post subject: |
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GDP data due for release around 11am. Bloomberg forecast 4.8%. Previous 4.5%
Market unlikely to react to sub 5% Q4 GDP number: Udayan |
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SP50 Brown Belt
Joined: 26 Nov 2010 Posts: 1615
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Post: #963 Posted: Fri May 31, 2013 10:54 am Post subject: |
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apka wrote: | GDP data due for release around 11am. Bloomberg forecast 4.8%. Previous 4.5%
Market unlikely to react to sub 5% Q4 GDP number: Udayan |
Hasn't it already reacted?
What if it beats analysts expectations? |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #964 Posted: Fri May 31, 2013 11:01 am Post subject: |
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4.8%, apparently as expected.
likely lower levels 6010/5970/30/5865. Otherwise above 6130 is bullish. |
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SP50 Brown Belt
Joined: 26 Nov 2010 Posts: 1615
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Post: #965 Posted: Fri May 31, 2013 11:02 am Post subject: |
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vinay28 wrote: | 4.8%, apparently as expected |
Do you think there will be a recovery? |
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pkholla Black Belt
Joined: 04 Nov 2010 Posts: 2890
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Post: #966 Posted: Fri May 31, 2013 11:28 am Post subject: |
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Tax: Look at the poor volumes. Market is asleep and we are falling asleep. Hope things get better after Europe opens.
What a recovery in Japan after false rumors y'day. Looks like all markets incl in so called developed countries can be manipulated by unscrupulous sharks! Jai Hind. Prakash Holla
In the continuing absence of Sam, I request Vinayjee to do the honors and start the new thread for June 2013 |
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SP50 Brown Belt
Joined: 26 Nov 2010 Posts: 1615
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Post: #967 Posted: Fri May 31, 2013 11:35 am Post subject: |
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pkholla wrote: | Tax: Look at the poor volumes. Market is asleep and we are falling asleep. Hope things get better after Europe opens.
What a recovery in Japan after false rumors y'day. Looks like all markets incl in so called developed countries can be manipulated by unscrupulous sharks! Jai Hind. Prakash Holla |
You are right, everything is manipulated to suit only the people holding on to loads of power and money. |
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rsnerella White Belt
Joined: 30 Jul 2008 Posts: 153
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Post: #968 Posted: Fri May 31, 2013 12:37 pm Post subject: Nifty View- May 2013 |
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Calls shredded with increasing open interest. Longs seems to be offloaded in NF. Buying interest is going down. But seems we have good support near by 6K. |
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Andre White Belt
Joined: 06 Jun 2012 Posts: 220
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Post: #969 Posted: Fri May 31, 2013 1:16 pm Post subject: |
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Apka....
6000 PE is adding OI all through ...what is this...is it buying or shorting? |
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apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #970 Posted: Fri May 31, 2013 1:23 pm Post subject: |
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Andre wrote: | Apka....
6000 PE is adding OI all through ...what is this...is it buying or shorting? |
buying going on in all options right now. total OI is very low for all strikes, OI is being added to all. |
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Andre White Belt
Joined: 06 Jun 2012 Posts: 220
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Post: #971 Posted: Fri May 31, 2013 1:25 pm Post subject: |
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Isn't it a big sign of worry then....even before the fall started 6000 PE was having highest OI.....
apka wrote: | Andre wrote: | Apka....
6000 PE is adding OI all through ...what is this...is it buying or shorting? |
buying going on in all options right now. total OI is very low for all strikes, OI is being added to all. |
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apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #972 Posted: Fri May 31, 2013 1:27 pm Post subject: |
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Andre wrote: | Isn't it a big sign of worry then....even before the fall started 6000 PE was having highest OI..... |
not necessarily, anything under 80 lakhs i dont consider significant enough to provide a cushion. if it keeps adding more incase of further fall, it may provide support for couple of days. |
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apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #973 Posted: Fri May 31, 2013 1:30 pm Post subject: |
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writers will let OI be added being start of the series. so it should not be corelated right now. |
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apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #974 Posted: Fri May 31, 2013 1:45 pm Post subject: |
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ill be back after 5-6 days, going out .. |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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